Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1,986 | $1,495 | $1,748 | $2,243 | $2,091 |
| Net Income | $1,368 | $907 | $1,083 | $1,397 | $1,404 |
Over the five-year period, DTE Energy’s income statement reveals notable swings in operating and net income despite the absence of reported revenue and gross profit figures. The operating income fell by approximately 25% from 2020 (1,986 million USD) to 2021 (1,495 million USD), accompanied by an even steeper decline in net income (a drop of about 34% from 1,368 million USD in 2020 to 907 million USD in 2021). These significant decreases in the early part of the period suggest that the company may have experienced adverse market conditions or operational challenges affecting its profitability. By 2022, the financials showed a recovery with operating income increasing by roughly 17% to 1,748 million USD and net income rising by nearly 20% to 1,083 million USD. The recovery continued into 2023 when operating income climbed by about 28% to 2,243 million USD and net income increased comparably, reaching 1,397 million USD, marking the strongest performance within the period. However, in 2024, while net income held almost steady at 1,404 million USD, operating income dipped slightly by around 7% to 2,091 million USD, indicating a minor adjustment following the previous peak. Overall, the company’s ability to rebound from a significant decline, coupled with a period of strong growth in 2022 and 2023, suggests underlying resilience in its operational efficiency. Nevertheless, the lack of revenue and gross profit data makes it challenging to fully assess revenue generation and margin sustainability. Based solely on the provided metrics, DTE Energy appears to be on a recovery trajectory with overall improved financial health and sustainability over the analyzed period.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.